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(ROML) Raj Oil complete technical analysis [charts+indicators] | Buy/Sell Raj Oil | (ROML) share price targets

Complete technical analysis of Raj Oil (ROML) by charts plus indicators, forecast predictions and share price targets for Raj Oil (ROML)

Showing technical analysis as on 2024-12-18 View latest technical analysis

10 day averaged volume of Raj Oil is 57055

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	54.72	57.00	57.00	54.40	0.082 times
17 Tue Dec 2024	56.15	58.50	58.50	56.10	0.054 times
16 Mon Dec 2024	57.42	56.38	58.94	55.54	0.202 times
13 Fri Dec 2024	55.26	57.49	57.50	54.99	0.133 times
12 Thu Dec 2024	56.95	59.00	59.00	56.39	0.215 times
11 Wed Dec 2024	57.82	57.99	59.70	56.55	0.446 times
10 Tue Dec 2024	57.16	61.09	61.09	56.05	0.466 times
09 Mon Dec 2024	61.09	58.74	62.00	58.10	1.398 times
06 Fri Dec 2024	58.74	57.50	67.15	56.50	6.826 times
05 Thu Dec 2024	55.96	54.33	57.79	54.33	0.188 times

My analysis of stock is bearish for shortterm, and stock might move down till 52 or till 48.5. Use a stoploss of 55.02 and if the stock hits stoploss, then it can shoot up till 58

Share price targets for Raj Oil (ROML)

Target Type	Value
Downside Target	46.10
Downside Target	47.76
Downside Target	49.05
Downside Target	50.89
Downside Target	52.20
Downside Target	54.40
Upside Target	58.52
Upside Target	58.94
Upside Target	60.00
Upside Target	62.00
Upside Target	64.33
Upside Target	67.15

Intraday share price targets for Raj Oil (ROML)

Target Type	Value
Downside Intraday Target	53.1
Downside Intraday Target	51.48
Upside Intraday Target	57.64
Upside Intraday Target	60.56
Upside Intraday Target	56.02

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	54.72	56.38	58.94	54.40	0.127 times
13 Fri Dec 2024	55.26	58.74	62.00	54.99	0.363 times
06 Fri Dec 2024	58.74	56.85	67.15	52.50	10.383 times
29 Fri Nov 2024	54.47	50.00	56.08	49.05	4.479 times
22 Fri Nov 2024	49.92	48.11	50.89	47.76	0.592 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Raj Oil (ROML)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	54.72	56.85	67.15	52.50	5.586 times
29 Fri Nov 2024	54.47	51.49	56.08	47.76	0.265 times
31 Thu Oct 2024	50.47	55.00	58.52	46.10	0.603 times
30 Mon Sep 2024	53.85	56.00	60.00	53.02	0.66 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Raj Oil (ROML)

Price action analysis of Raj Oil ( (ROML) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Raj Oil ( (ROML) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Raj Oil ( (ROML) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Raj Oil stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Raj Oil in short term but the sell signal is initial and weak.

Raj Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Raj Oil in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Raj Oil is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 58.74 and Raj Oil (ROML) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Raj Oil (ROML) stock. Volume based technical analysis of Raj Oil (ROML) stock is negative.

Raj Oil Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.